Chiang Mai Ram Medical Business PCL (BKK:CMR) E10: ฿0.14 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:CMR Chiang Mai Ram Medical Business PCL BKK:CMR
36 GF Score
Price ฿1.26
GF Value ฿0.78
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Chiang Mai Ram Medical Business PCL E10?

Chiang Mai Ram Medical Business PCL BKK:CMR 36 E10 is ฿0.14 as of Mar. 2026. GuruFocus rates BKK:CMR with a GF Score™ of 36/100 and a GF Value™ of ฿0.78 (Significantly Overvalued). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Chiang Mai Ram Medical Business PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.008. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Chiang Mai Ram Medical Business PCL's average E10 Growth Rate was 55.60% per year. During the past 3 years, the average E10 Growth Rate was 11.90% per year. During the past 5 years, the average E10 Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Chiang Mai Ram Medical Business PCL was 11.90% per year. The lowest was 0.00% per year. And the median was 5.85% per year.

As of today (2026-07-15), Chiang Mai Ram Medical Business PCL's current stock price is ฿1.26. Chiang Mai Ram Medical Business PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.14. Chiang Mai Ram Medical Business PCL's Shiller PE Ratio of today is 9.00.

During the past 13 years, the highest Shiller PE Ratio of Chiang Mai Ram Medical Business PCL was 46.25. The lowest was 9.07. And the median was 24.00.


Chiang Mai Ram Medical Business PCL  (BKK:CMR) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Chiang Mai Ram Medical Business PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.26/0.14
=9.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Chiang Mai Ram Medical Business PCL was 46.25. The lowest was 9.07. And the median was 24.00.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Chiang Mai Ram Medical Business PCL E10 Related Terms


Chiang Mai Ram Medical Business PCL E10 Historical Data

* Premium members only.

The historical data trend for Chiang Mai Ram Medical Business PCL's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chiang Mai Ram Medical Business PCL E10 Chart

Chiang Mai Ram Medical Business PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.10 0.10 0.09 0.14

Chiang Mai Ram Medical Business PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.08 0.14 0.14

BKK:CMR vs HCA, THC, DVA: E10 Comparison

For the Medical Care Facilities subindustry, Chiang Mai Ram Medical Business PCL's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chiang Mai Ram Medical Business PCL Shiller PE Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chiang Mai Ram Medical Business PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Chiang Mai Ram Medical Business PCL's Shiller PE Ratio falls into.


BKK:CMR
36GF Score
Chiang Mai Ram Medical Business PCL BKK:CMR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chiang Mai Ram Medical Business PCL E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Chiang Mai Ram Medical Business PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.008/330.2130*330.2130
=0.008

Current CPI (Mar. 2026) = 330.2130.

Chiang Mai Ram Medical Business PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.010 241.018 0.014
201609 0.030 241.428 0.041
201612 0.027 241.432 0.037
201703 0.020 243.801 0.027
201706 0.020 244.955 0.027
201709 0.040 246.819 0.054
201712 0.030 246.524 0.040
201803 0.029 249.554 0.038
201806 0.020 251.989 0.026
201809 0.019 252.439 0.025
201812 0.019 251.233 0.025
201903 0.003 254.202 0.004
201906 0.017 256.143 0.022
201909 0.003 256.759 0.004
201912 0.017 256.974 0.022
202003 0.030 258.115 0.038
202006 -0.002 257.797 -0.003
202009 0.010 260.280 0.013
202012 0.016 260.474 0.020
202103 0.020 264.877 0.025
202106 0.010 271.696 0.012
202109 0.020 274.310 0.024
202112 0.020 278.802 0.024
202203 0.030 287.504 0.034
202206 0.064 296.311 0.071
202209 0.030 296.808 0.033
202212 0.006 296.797 0.007
202303 0.020 301.836 0.022
202306 -0.002 305.109 -0.002
202309 0.019 307.789 0.020
202312 0.016 306.746 0.017
202403 0.020 312.332 0.021
202406 0.007 314.175 0.007
202409 0.018 315.301 0.019
202412 -0.017 315.605 -0.018
202503 0.012 319.799 0.012
202506 0.006 322.561 0.006
202509 -0.020 324.800 -0.020
202512 0.601 324.054 0.612
202603 0.008 330.213 0.008

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ฿0.14 mean?
Chiang Mai Ram Medical Business PCL (BKK:CMR) has a E10 of ฿0.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Chiang Mai Ram Medical Business PCL and its competitors.
Is Chiang Mai Ram Medical Business PCL's E10 too high?
Chiang Mai Ram Medical Business PCL's current E10 is ฿0.14. Overall, Chiang Mai Ram Medical Business PCL has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chiang Mai Ram Medical Business PCL's E10 compare to HCA and THC?
Chiang Mai Ram Medical Business PCL's E10 of ฿0.14 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Healthcare Providers & Services company?
A good E10 depends on the Healthcare Providers & Services industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Chiang Mai Ram Medical Business PCL and its competitors. Chiang Mai Ram Medical Business PCL's current E10 is ฿0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiang Mai Ram Medical Business PCL stock overvalued right now?
Based on GuruFocus' analysis, Chiang Mai Ram Medical Business PCL (BKK:CMR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.78, compared to a current price of ฿1.26 — trading 61.5% above its estimated fair value. The current E10 is ฿0.14. Chiang Mai Ram Medical Business PCL's overall GF Score™ is 36/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Chiang Mai Ram Medical Business PCL (BKK:CMR), the current E10 is ฿0.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chiang Mai Ram Medical Business PCL (BKK:CMR) Overvalued in 2026?

Based on GuruFocus' analysis, Chiang Mai Ram Medical Business PCL stock appears to be overvalued. The current stock price of ฿1.26 is trading 61.5% above its estimated GF Value™ of ฿0.78. GuruFocus considers Chiang Mai Ram Medical Business PCL to be Significantly Overvalued.

Key valuation signals for BKK:CMR:

  • E10: ฿0.14
  • GF Value™: ฿0.78 vs. price of ฿1.26 (61.5% above fair value)
  • GF Score™: 36/100 with 9 warning signs

No single metric tells the full story. See the BKK:CMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chiang Mai Ram Medical Business PCL Business Description

Address 1, Sukkasem Road, Nakhon Ping Sub-district, Tumbon Paton, Amphur Muang, Chiangmai, THA, 50300
Chiang Mai Ram Medical Business PCL is a Thailand-based company. It provides medical services in the nature of General Hospital, Hospital in Social Security, and the national health security office systems. It offers various medical services including a Dental center, X-ray mobile for a checkup, CT Multislice, Cardiac Catheterization Center, Back pain center, Gynecologic Cancer center, Physical therapy, Operating theatres, Laboratory, Ambulance Services, and Health checkup center, and others. The company provides medical services through the Lanna Hospital.
36GF Score

Get the complete analysis for BKK:CMR

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.26
Price
฿0.78
GF Value